2023 Form 5500 filing — Iowa State Bank 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240717092231NAL0008891122001) for Iowa State Bank 401(K) Plan, reported by Iowa State Bank under EIN 42-0335307 and plan number 001. It reports 157 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240717092231NAL0008891122001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Iowa State Bank
- EIN
- 42-0335307
- Plan number
- 001
- Location
- Orange City, IA
- Participants
- 157
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $20,424,916
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,424,916
- Employer contributions
- $491,186
- Participant contributions
- $866,083
- Total income / additions
- $3,909,801
- Benefits paid
- $1,306,117
- Administrative expenses
- $73,565
- Total expenses
- $1,379,682
- Net increase / (decrease)
- $2,530,119
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $73,565 | $0 |
| Cetera Advisor Networks LLC | OTHER SERVICES | $0 | $30,673 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |